Should I pick the highest possible IDV?

A higher IDV means a larger claim payout if the car is totalled, but also a higher premium. Pick a figure close to your car's current market value.

Does IDV affect my no-claim bonus?

No. NCB is a discount on the own-damage portion of the next year's premium and is unrelated to IDV directly.

Why are premiums for older cars relatively high?

IDV drops with age, but third-party premium is fixed by the regulator and repair costs can be steep. Add-ons also become more expensive.

Does the calculator include third-party premium?

The range shown is mostly own-damage. Third-party rates are set annually by IRDAI and depend on engine cubic capacity.

Car IDV calculator

The Insured Declared Value is the maximum amount your insurer will pay if your car is stolen or written off. This tool gives you a quick IDV figure and an indicative own-damage premium range based on the vehicle's age.

Car IDV calculator

Estimate your car's Insured Declared Value (IDV) and yearly comprehensive premium range.

Ex-showroom price

₹8.0 L

Age of vehicle

2 yrs

IDV range

₹5.8 L – ₹7.0 L

Mid-value: ₹6.4 L (after 20% depreciation)

Annual premium (est.)

₹14,080 – ₹20,480

Comprehensive · before NCB / add-ons

IDV depreciation follows the IRDAI motor schedule. Actual offered IDV depends on car make, RTO, and insurer. Add-ons (zero-dep, engine protect, NCB protection) typically add 15-30% to the base premium.

How this is calculated

Inputs you provide: showroom or ex-showroom price and the age of the vehicle in years.
A depreciation percentage is applied based on age — roughly 5 percent in the first six months and stepping up to 50 percent by the fifth year.
The depreciated value becomes the IDV. Comprehensive premium typically lands at 2 to 4 percent of IDV.
For cars older than five years, IDV is usually negotiated with the insurer rather than read from a fixed table.
Add-ons like zero-depreciation, engine protect, and roadside assistance sit on top of this base figure.

Common questions

Should I pick the highest possible IDV?: A higher IDV means a larger claim payout if the car is totalled, but also a higher premium. Pick a figure close to your car's current market value.
Does IDV affect my no-claim bonus?: No. NCB is a discount on the own-damage portion of the next year's premium and is unrelated to IDV directly.
Why are premiums for older cars relatively high?: IDV drops with age, but third-party premium is fixed by the regulator and repair costs can be steep. Add-ons also become more expensive.
Does the calculator include third-party premium?: The range shown is mostly own-damage. Third-party rates are set annually by IRDAI and depend on engine cubic capacity.